The cheapest car insurance companies in Indiana are GEICO, State Farm, and Westfield. Indiana drivers can save up to $1,882 per year on car insurance just by shopping around and comparing quotes.
Car insurance in Indiana is cheaper than the national average. Indiana ranked 9th in our cheap car insurance study, in part because the state has a relatively large rural population. Slightly less than 14% of Indiana residents live in rural counties, which helps to keep the state’s population density down. Residents in states with a lower population density typically pay less for car insurance because fewer drivers on the road also means fewer car accidents and claims.
The average difference between the highest and lowest quotes for the same full coverage policy is $5,516 per year in Indiana, for example, so drivers who shop around can potentially save a lot. To make the job easier, WalletHub analyzed quotes from all major insurance companies using multiple driver profiles and zip codes across the state. You can check out our recommendations below, as well as compare the cheapest options to the best overall car insurance companies in Indiana to make sure you find the right fit for your particular needs.
Cheapest Insurance Rates by Category
Cheap for Good Drivers
Cheap for Full Coverage
Cheap for Speeding Ticket
Cheap for One At-Fault Accident
Cheap for Poor Credit
Cheap for Young Drivers
Cheap for Old Drivers
Cheap for Drivers with a DUI
Cheap for Married Drivers
Cheapest Car Insurance in Indiana for Good Drivers
GEICO has the cheapest car insurance for most good drivers in Indiana. Drivers who have never had an accident or received a citation are considered good drivers by insurers and pay less for insurance than drivers with bad records. In addition to low rates, good drivers can often qualify for additional discounts from their insurance company.
Cheapest Car Insurance in Indiana for Full Coverage
Full coverage refers to a policy that goes beyond the minimum state requirements. Because full coverage protects you in more situations, it costs more than minimum coverage.
After a speeding ticket, most drivers will see their insurance rates go up for 3-5 years. It’s important to keep in mind that each insurance company calculates rates differently, so you should always get multiple quotes in order to make sure that you get the best deal.
Cheapest Car Insurance in Indiana for Drivers with One At-Fault Accident
One at-fault accident will usually affect your insurance negatively for 3-5 years as insurers will consider you high-risk. Because of your higher rates, it is even more important to comparison shop.
Cheapest Car Insurance in Indiana for Drivers with Poor Credit
A low credit score often flags drivers as higher risk, so insurers will usually charge them more for coverage. However, since insurers use different formulas to calculate premiums, poor credit might affect your rates more with one company than another. Because each insurance company treats credit differently, it pays to compare quotes.
Cheapest Car Insurance in Indiana for Young Drivers
Young, inexperienced drivers pay more for car insurance because they have yet to prove themselves responsible behind the wheel. Young drivers are also statistically more likely to get into an accident than middle-aged drivers. As a result, most drivers will see their rates drop as they age.
Cheapest Car Insurance in Indiana for Older Drivers
Although mature drivers pay less for car insurance than teens, older drivers start to see their rates go up as they enter their senior years. Comparing car insurance rates can save older drivers hundreds of dollars a year.
Cheapest Car Insurance in Indiana for Drivers with a DUI
Drivers who have a DUI on their record typically experience much higher rates than drivers with a clean driving record or people with a history of less severe violations. A DUI usually affects your insurance rates for 3-10 years, but the violation itself may stay on your driving record for much longer than that.
To identify the cheapest post-DUI insurance companies, WalletHub compared rates for a 45-year-old, single man, with minimum coverage, one DUI, and good credit across major insurers.
Cheapest Car Insurance in Indiana for Married Drivers
Married drivers typically enjoy cheaper car insurance rates than drivers who are single. Auto insurance companies generally view drivers who are married as more responsible and less of a risk to insure. To help married drivers further reduce their insurance costs, WalletHub compared major insurance companies’ rates for a 45-year-old, married man with minimum coverage, a clean driving record, and good credit.
The table above reflects the average annual cost of car insurance in Indiana’s largest cities and towns.
Factors That Affect Car Insurance Premiums in Indiana
Recap: Cheapest Auto Insurance Companies in Indiana
The cheapest car insurance company in Indiana is GEICO, which charges an average of $49 per month for state-minimum coverage. In addition to being the cheapest auto insurer for Indianers overall, it is the cheapest option for a number of specific categories, such as full coverage and insurance for drivers with poor credit.
For your convenience, we’ve summarized the cheapest companies overall below.
7 Tips for How to Get Cheap Car Insurance in Indiana
1. Compare quotes from both national and regional insurers
Don’t forget to include local insurance companies in your search for cheap car insurance. In Indiana, regional insurers like Westfield, Indiana Farm Bureau, and Erie Insurance might have lower rates than national companies like State Farm and GEICO, as well as comparable customer satisfaction ratings.
2. Know the factors affecting insurance in Indiana
Everyone knows that your driving habits and claims historyv affect how much you pay for car insurance. But in Indiana, companies can also consider your age, gender, credit history, marital status, and more when setting premiums. The car you drive, your annual mileage, and even some factors beyond your control all impact the price of insurance.
3. Choose the coverage that is right for you
You need liability insurance to pay for the other driver’s damages if you’re at fault in an accident in Indiana. Collision and comprehensive coverage, on the other hand, are optional and may be unnecessary if you own an older car. Usage-based insurance might be a better fit than a standard policy for low-mileage drivers, and going with a higher deductible or lower coverage limits costs less, too. Don’t skimp on the coverage you need, but do make informed choices. That way, you won’t end up paying for more car insurance than you need.
4. Stay in less expensive zip codes
Car insurance prices can vary a lot based on zip code in Indiana. On average, drivers in the most expensive parts of Indiana spend over $500 more per year on car insurance than those living in the least expensive areas.
5. Search for discounts
Top car insurance companies in Indiana have a variety of discounts, so almost anyone can find ways to save. You may be able to get a discount if you’re a student, veteran, good driver, homeowner, willing to go paperless, and more.
6. Consider uninsured motorist protection
Although it isn’t required under state law, Indiana drivers might want to consider adding uninsured motorist coverage to their policy. Around 17% of Indiana drivers are going without insurance, which drives up the cost of insurance for everyone in the state. Prices are affordable in Indiana, and many drivers can benefit from additional protection.
7. Maintain coverage
You’ll see higher rates if you let your insurance lapse, even if you don’t own a car. Indiana drivers who don’t maintain continuous coverage pay an average of 16% more than those with five or more years of insurance history.
Video: Cheap Auto Insurance in Indiana
Methodology for Selecting the Cheapest Auto Insurance in IN
WalletHub’s analysis of cheap car insurance companies in Indiana is based on data from the Indiana DMV and Quadrant Information Services. Together with that data, WalletHub used the characteristics listed below to create 40 different driver profiles designed to identify the cheapest car insurance companies for Indiana drivers in a collection of key categories. For each profile, WalletHub compared quotes among top Indiana car insurance companies by averaging premiums from 36 zip codes that represent at least 20% of Indiana's population. Military-specific companies like USAA were only considered for the military-specific category, due to their eligibility restrictions. In some cases, they may still be the best option overall for eligible drivers.
In the table below, you can see all of the profile characteristics that were used in WalletHub’s analysis, in addition to the specific subset of characteristics that make up our Good Driver profile.
Clean, One Speeding Ticket, One At-Fault Accident, One DUI, Suspended License, Open Container, Red Light Infraction, Reckless Driving, One Not At-Fault Accident
Clean
Miles Driven Per Year
7,500 Miles, 15,000 Miles, 20,000 Miles
15,000 Miles
Coverage Level
Minimum, Standard, Full
Minimum
Discounts
None, Multi-Policy, Homeowner, Student
None
Credit Level
Poor, Good
Good
Filings
None, SR22, FR44
None
Car
Sedan, Minivan, SUV, Coupe, Truck
Sedan
Below are additional details regarding the terminology and specific characteristics of the variables in the above table:
Minimum Coverage: Coverage requirements of $25,000 in bodily injury liability per person, $50,000 in bodily injury liability per accident, and $25,000 in property damage liability, as required by Indiana's minimum coverage requirements.
Standard Coverage: Coverage levels of 50k/100k/25k of liability coverage and 50k/100k/25k of uninsured motorist coverage.
Full Coverage: Coverage levels of 100k/300k/50k of liability coverage, 100k/300k/50k of uninsured motorist coverage, and collision and comprehensive coverage with a $500 deductible.
Sedan: 2018 Toyota Camry.
Minivan: 2018 Dodge Grand Caravan.
SUV: 2018 Toyota RAV4.
Coupe: 2018 Ford Mustang.
Truck: 2018 Ford F-150.
Where driver profiles are not specified, WalletHub averaged Indiana insurance quotes across 40 different driver profiles, using the above variables. Quote information is from Quadrant Information Services and is representative only. Individual rates will be different.
Questions & Answers
Finding the cheapest car insurance in Indiana can be tough. But you’ve got the knowledgeable WalletHub community on your side. Other consumers have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines.
Car insurance in Noblesville, Indiana costs $947 per year, or $79 per month, on average. Car insurance in Noblesville is usually less expensive than car insurance in the rest of Indiana, due to factors like population density and accident rates.
Average Cost of Car Insurance in Noblesville, Indiana
Category
Average Premium
Minimum Coverage
$853
Full Coverage
$2,645
Young Driver
$1,398
Senior Driver
$409
Note: The young drivers' premium is based on drivers ages 16-20, while the senior drivers' premium is based on drivers ages 55 and 65. Actual rates will vary.
It's a good idea to compare quotes from multiple car insurance companies if you live in Noblesville and are looking for cheap coverage. On average, drivers in Noblesville can save up to $1,718 by comparing quotes.
Indiana car insurance laws require bodily injury liability coverage of $25,000 per person and $50,000 per accident, along with $25,000 of property damage liability coverage. Indiana also requires uninsured and underinsured motorist coverage totaling Not required.
The first two categories – bodily injury liability and property damage liability - cover injuries or damages that you accidentally cause with your car. Your car insurance pays up to the per-person or per-accident limit in each category....
Non-owner SR-50 insurance is car insurance for drivers who do not own a vehicle but need to reinstate their license after a suspension for driving without insurance. The SR-50 form was exclusively used in Indiana until 2013, when the state switched to using SR-22 forms to certify financial responsibility.
Regardless of the specific form, mandatory insurance after a violation can be very expensive. Hence, drivers who do not own their own car and do...
The cheapest liability insurance in Indiana is from USAA, which charges an average of $34 per month ($405 per year). In Indiana, having liability insurance from USAA can help you save hundreds of dollars each year on your car insurance premiums.
To get temporary car insurance in Indiana, you will have to purchase a six month policy and cancel mid-policy when you no longer need coverage. You may have to pay a cancellation fee, depending on your insurer, but you can usually get a refund for any unused coverage time you've prepaid for.
The most affordable temporary car insurance coverage in Indiana is from GEICO, which charges an average of $22 per month for state-minimum coverage. Meanwhile, the...
Full coverage insurance in Indiana is usually defined as a policy that provides more than the state's minimum liability coverage, which is $25,000 in bodily injury coverage per person, up to $50,000 per accident, and $25,000 in property damage coverage. Full coverage in Indiana also includes optional collision and comprehensive insurance. As a result, full coverage insurance costs an average of $1,432 per year in Indiana, while a state minimum policy costs $422 per year.
You need an SR-22 in Indiana for 180 days, meaning you must also maintain at least the minimum car insurance coverage required by Indiana law for 180 days. Failure to have an SR-22 for 180 days can result in additional penalties and reinstatement fees.
Indiana SR-22 Insurance Requirements
$25,000 in bodily injury liability insurance per person ($50,000 per accident)
Car insurance in Indiana is expensive because of the state's high population density and costly repair prices. In Indiana, you can expect to pay approximately $2,918 per year for full coverage car insurance or $898 per year for minimum coverage. Car insurance in Indiana is less expensive than the national average, which is around $4,211 per year for full coverage and about $1,407 per year for minimum coverage.
The cost of car insurance is steadily increasing, too, both in Indiana and nationwide. As the...
Drivers in Indiana can get cheap car insurance with "no deposit" or "no down payment", but all that really means is you only have to pay the first month's premium to get coverage. You cannot get car insurance in Indiana without paying something up front.
The average premium in Indiana is about $243 per month for full coverage and around $75 per month for state-minimum coverage. Drivers in Indiana should expect to pay about that much in...
You cannot register a car without insurance in Indiana, as proof of insurance is required at the time of registration. In Indiana, you are required to have $25,000 in bodily injury liability coverage, up to $50,000 per accident, along with $25,000 in liability coverage for property damage. You have 60 days from the date of purchase to register a vehicle in Indiana, but you can't drive the car without insurance.
Car Insurance is a necessary expense if you’re a driver, but trying to find the cheapest rates can be a time-consuming process. To gain more insight about getting cheap car insurance while still having quality coverage, WalletHub posed the following questions to a panel of experts in Indiana. Click on the experts below to view their bios and answers.
What does it say about car insurance companies that so many have celebrity endorsers?
Do you think it’s fair to say that car insurance companies try to mislead customers or is it just marketing?
Is it fair for car insurance companies to consider gender or age when setting premiums?
Is it fair for car insurance companies to consider a driver’s occupation when setting premiums?
Do you think car insurance companies are fair to college students?
What advice do you have for new drivers when it comes to car insurance?
How do you think increased adoption of electric vehicles will change the car insurance landscape?
To what extent has technology disrupted the car insurance industry relative to others?
Yi-Ju Chien Ph.D., CFA, Visiting Professor of Finance, Department of Finance, Valparaiso University Read More
Vidhura Tennekoon Assistant Professor of Economics, Department of Economics, School of Liberal Arts, Indiana University Indianapolis Read More
Dr. Thomas G. Noland Professor of Accounting and Chair of Accounting and Finance Department – University of Southern Indiana Read More
David Echeverry Assistant Professor of Finance, Universidad de Navarra; Former Visiting Assistant Professor at University of Notre Dame Read More
Jack McCann Ph.D., Course Lead and Graduate Professor of HRM, Purdue University Global Read More
Laura Hollis JD, Teaching Professor, Department of Accountancy, Mendoza College of Business; Director of Undergraduate Studies, Foundations of Business Minor; Faculty Fellow, Keough School of Global Affairs, University of Notre Dame Read More
